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 Replies: 9 / Views: 1,245 |
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New Member
United States
2 Posts |
I am new to the coin collecting stuff and am considering sending some of my graded coins to CAC but I was wondering if I have to pay the fee regardless of CAC approving my coins or not. I'm sorry if this sounds like a foolish question, but I looked for the answer on the internet with no luck.
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Pillar of the Community
 United States
8938 Posts |
Are you a CAC approved submitter in the first place? Assuming you are, the answer is no. If a coin does not pass, you don't pay.
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Bedrock of the Community
United States
94367 Posts |
That sums it up.  to the CCF! |
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Bedrock of the Community
United States
19115 Posts |
Perhaps there's a market niche for a 'Coin Community Forum' validation service--where five random members are asked to review a submitted coin. The selected members have 5 minutes to reach a decision (majority rules). At that point, a cool sicker is issued.
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Pillar of the Community
United States
4691 Posts |
Quote:
Perhaps there's a market niche for a 'Coin Community Forum' validation service--where five random members are asked to review a submitted coin. The selected members have 5 minutes to reach a decision (majority rules). At that point, a cool sicker is issued. No. The OP can just put some gold stars on his TPG holder, like a second grader (pun intended). |
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Rest in Peace
United States
10625 Posts |
What type of coins are you considering? Some are worth the effort, others may not be. And yes, aboard.  |
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Pillar of the Community
United States
4468 Posts |
Coin dealers pay CAC for the submission pass or fail. Collectors with CAC membership do not pay for coins that fail. If you are submitting to CAC through a dealer, then, you will most likely be paying pass or fail.
Edited by Slider23
06/11/2021 4:15 pm
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Pillar of the Community
United States
697 Posts |
1. If you're not a dealer, but just a collector that's not yet "approved" to submit coins to CAC, all you need to do is apply to CAC. It just takes roughly two months to get approved. Quote:
What type of coins are you considering? Some are worth the effort, others may not be. 2. For the most part, I disagree. As noted, coins that fail end up costing nothing. Those that pass cost $16 each (that reflects their new pricing), plus $6 per submission form (up to 20 coins), plus round trip shipping. In my opinion, most importantly even "very low value" coins that succeed in getting a CAC sticker will be easier to sell (by you or your heirs) at fair value. My sense is even $50 - $250 coins with CAC's will easily cover the costs incurred, and quite likely provide a few extra dollars as well. GC seems to be a good place to sell low priced coins with CAC's (along with coins at every point of the price scale). 3. Keep in mind CAC has a strict list of the coins they accept. As a generalization, NO "modern" coins are accepted. Steve Edited by Winesteven
06/11/2021 8:53 pm
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Rest in Peace
United States
10625 Posts |
Quote:
For the most part, I disagree. As noted, coins that fail end up costing nothing. There are mint issues that do not increase in value the cost of a green bean from one grade level to the next. The reason for my comment "others may not". And then factor in original purchase price. When already under water throwing more money at a coin may not make sense.... The reason for "others may not" is valid....So at this point I have to disagree with you disagreeing with me....... |
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Pillar of the Community
United States
697 Posts |
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There are mint issues that do not increase in value the cost of a green bean from one grade level to the next. 1. I don't understand. Getting a CAC is not expected to increase the value of a coin to that of the next higher grade. The point is many buyers will pay at least $16 more for a coin with a CAC than the same coin without a CAC, even low priced coins. I see this regularly on GC. Quote:
And then factor in original purchase price. When already under water throwing more money at a coin may not make sense.... 2. If a coin is already "underwater", let's say for example it's now worth $100 less than the price paid, what's wrong with spending $16 and ending up with that coin now only $60 underwater after getting a CAC? Getting the CAC in this example is still worthwhile! Steve Edited by Winesteven
06/12/2021 10:52 am
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Replies: 9 / Views: 1,245 |
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Posted 06/11/2021 3:20 pm
